Income – Schedules K-1 and Rental

Income – Schedules K-1 and Rental 13-3 Schedule K-1 (Forms 1065 and 1120S) Partnerships use Form 1065, Schedule K-1, to report the taxpayers’ share of the partnership’s income, deductions, credits, etc. In general, a partnership is not subject to income tax and is a flow-through entity. ................
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